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Internet Gold - Golden (IGLD) Message Board

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  • qresearchq qresearchq Aug 14, 2007 9:21 PM Flag

    Wow - what a disappointing day

    No just an individual investor. I live just outside San Francisco. I started buying Igld a few years ago at $4.80 and think it should be at least $14 even in this poor market. The other analyst covering Igld is Susquehanna International Group, LLPs. Susquehanna earnings and revenue estimates for 2007 and 2008 is on Yahoo. I am trying to get a copy of their research report. They asked a question on the CC this morning. I talked to Igld's IR firm in New York on Friday. He indicated that they are getting more interest in Igld from fund managers. They now ask when is Igld going to make a US presentation. I am not sure what the turnout was when Igld representative were in the US market this past year discussing the o12 acqusition. An increased market cap, revenues and profit made Igld more attractive to funds. Keep in mind that Fidelity owns around 4.7% of IGLD. Igld is now selling for (market cap) less than one times 2007 sales and around 80% of Susquehanna's $344 million revenues estimate for 2008.

    I have two other stocks that look undervalued: Xing/Qxm and Syno. The Motley Fool discribes Xing as the next Chineese Nokia. Qxm is 61.3% owned by Xing and both trade in the US. Syno is a medical device company that has around $48 to $50 million in cash (earnings on Aug 29) and has no debt. I think Syno is either a $10 buyout if they do not execute or a $50 stock several year out. They are going to a direct sales force in their surgical division -24 in January 2007. They just indicated they are adding 12 more position. Each sales professional costs them around $150,000 in salary/overhead and they expect $1.50 million in revenues from each sale position with margins of 63%. They have had a set back the last three years but I think things have changed and going in their direction.

    Oh, well time for a glass of wine.

    P.s. If you want to go/experience an unusual/unnique gathering of people go to Around 40,000 people get together for a very good time out in the desert for one week. It is a nonprofit and has been going on for 20 years.

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